Govt to divest up to 7% stake in NLC via OFS
Mar 07, 2024, at 04:36 am
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
Feb 03, 2024, at 05:07 am
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
DIPAM Secretary explains why Budget FY25 has no fixed disinvestment target
Feb 02, 2024, at 05:54 am
New Delhi: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Thursday said the government has intentionally not set up a specific disinvestment target for the fiscal year 2024-25, media reports said.
Institutional investors oversubscribe IRCON International's OFS, bids surpass Rs 2,400 cr
Dec 08, 2023, at 04:59 am
Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.
Larsen & Toubro divests 100% stake in L&T Infrastructure Engineering Ltd
Nov 04, 2023, at 05:43 am
Mumbai: Engineering giant Larsen & Toubro (L&T) Friday said it has sold its 100% stake in L&T Infrastructure Engineering Limited (LTIEL) to STUP Consultants Private Limited, a subsidiary of Assystem SA of France.
L&T aims to divest stake in Hyderabad Metro in 2.5 yrs: Report
Nov 02, 2023, at 04:22 am
Mumbai: Engineering and construction major Larsen & Toubro (L&T) aims to sell its share in the Hyderabad Metro project within the next two, or possibly two and a half, years, Moneycontrol reported.
Govt invites bids to select asset valuer for IDBI Bank
Sep 02, 2023, at 07:14 am
New Delhi: The Centre has invited bids to choose an asset valuer for IDBI Bank acting on its plans to divest its stake in the lender.
Govt expected to get Rs 4,000 cr after investors over-subscribe Coal India share sale
Jun 03, 2023, at 02:04 am
New Delhi: The government is expected to receive Rs 4,000 crore from Coal India’s share sale, as both retail and institutional investors showed strong demand, resulting in oversubscription, media reports said.
Disinvestment process of RINL in progress: Steel ministry
Apr 15, 2023, at 03:55 am
New Delhi: There is no freeze on the disinvestment process of RINL, The Ministry of Steel clarified on Friday.
Govt proposes to sell 3.5 pc stake in Hindustan Aeronautics Ltd
Mar 23, 2023, at 04:38 am
Mumbai: India is preparing to sell up to a 3.5% stake in Hindustan Aeronautics Ltd, a state-run aerospace and defence company, which could yield the government Rs 2,867 crore, Reuters reported citing an exchange filing on Wednesday.
IDBI stake sale: Deadline for bid submission likely to be extended
Dec 10, 2022, at 02:33 am
News Delhi: The last date for submitting bids for strategic disinvestment in IDBI Bank is likely to be extended to January, media reports said.
Disinvestment empowered PSUs: Nirmala Sitharaman
Jun 11, 2022, at 06:53 pm
Kochi/UNI: Disinvestment of Public Sector Undertakings (PSUs) during the past decade had empowered them and energised the capital markets, Union Finance Minister Nirmala Sitharaman said on Friday.
Cabinet Committee on Economic Affairs approves sale of govt's residual stake in HZL
May 26, 2022, at 05:55 am
New Delhi: The Union Cabinet on Wednesday approved the sale of the government's 29.58 percent stake in Hindustan Zinc Ltd.
Hindustan Zinc stock prices go up after buzz over govt's stake sale: Report
May 26, 2022, at 12:24 am
New Delhi: The Union Cabinet may have approved a stake sale in Hindustan Zinc, media reports said, after which the stocks of the company soared 7 percent.
May 19, 2022, at 10:54 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs.
Pawan Hans sale put on hold after NCLT order against winning consortium member
May 17, 2022, at 05:36 am
New Delhi: Government has put on hold the sale of Pawan Hans as it is scrutinizing the legal aspects of an NCLT order on Alamas Global, which is one of the members of the winning consortium, according to reports.
LIC board approves reduction in IPO size: Report
Apr 24, 2022, at 05:16 am
New Delhi: The LIC board has approved a reduction in its initial public offering (IPO) issue size from 5 percent to 3.5 percent, media reports said.
After Air India, Neelachal Ispat Nigam Ltd to be second govt firm to be privatised: DIPAM Secty
Mar 11, 2022, at 05:30 am
Kolkata: Neelachal Ispat Nigam Ltd would be second company after Air India to be privatised and the share purchase agreement (SPA) for the company was signed on Thursday, DIPAM Secretary Tuhin Kanta Pandey said today.
Pawan Hans sale: Govt receives financial bids
Dec 19, 2021, at 10:54 am
New Delhi: The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans.
Govt invites bids for the strategic disinvestment of PDIL, HLL Lifecare Ltd
Dec 16, 2021, at 01:14 am
New Delhi/IBNS: The finance ministry has invited global bids for the strategic sale of Projects & Development India Limited (PDIL) and HLL Lifecare Ltd. (HLL) as part of its disinvestment target.
Monetisation of non-core assets: 6 BSNL,MTNL assets put up for bidding
Nov 22, 2021, at 06:07 am
New Delhi/IBNS: Six properties of state-owned telecom carriers Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have been put up for bidding on the MSTC portal.
Don't give away prime assets to pvt sector on platter: ONGC officers' union to govt
Nov 21, 2021, at 11:51 pm
New Delhi/IBNS: The officers' union of the state-run oil exploration and production company ONGC has opposed the petroleum ministry's proposal to disinvest 60 percent stake and operatorship of Mumbai High and Bassein & Satellite (B&S) offshore assets to international partners for raising output, according to media reports.
Feb 01, 2018, at 07:56 pm
New Delhi, Feb 1 (IBNS) : Union Finance and Corporate Affairs Minister Arun Jaitely, while presenting the General Budget 2018-19 in Parliament on Thursday, said that the Government has initiated the process of strategic disinvestment in 24 CPSEs including strategic privatization of Air India.